E-Invoicing for registered persons having turnover exceeding Rs 500 crores w.e.f 01st October 2020

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E-Invoicing for registered persons having turnover exceeding Rs 500 croresE-Invoicing for registered persons having turnover exceeding Rs 500 crores

The CBIC vide Notification No. 61/2020–Central Tax* dt 30th July 2020 has amended Notification no 13/2020 dt 21st March 2020,  and revised turnover limit for applicability of e-invoicing. As per the notification e-invoicing shall be applicable in case of registered person having aggregate turnover exceeding Rs 500 crores in a financial year, with effect from 1st October 2020. Earlier turnover limit prescribed was Rs 100 crore in a financial year.

*Update as on 08/03/2021: Turnover limit revised for E-invoice w.e.f 01/04/2021

Notification also provides that, e invoicing will not be applicable to Special Economic Unit. As per earlier notification following were excluded from applicability of e-invoice:
  • Insurance company, banking company, financial institution, non-banking financial  institution
  • Goods transport agency (GTA)
  • Passenger transportation service 
  • Admission to exhibition of cinematographic films in multiplex screens 
Further, the CBIC vide Notification No. 60/2020–Central Tax dt 30th July 2020 has notified the schema for e-invoicing.

Read full text of the notifications here:


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